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The impact of training on productivity and wages: Evidence from British panel data
Dearden, Lorraine; Reed, Howard; Van Reenen, John - 2005
It is standard in the literature on training to use wages as a sufficient statistic for productivity. This paper … examines the effects of work-related training on direct measures of productivity. Using a new panel of British industries 1983 … productivity. A one percentage point increase in training is associated with an increase in value added per hour of about 0.6% and …
Persistent link: https://www.econbiz.de/10010292946
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Who gains when workers train? Training and corporate productivity in a panel of British industries
Dearden, Lorraine; Reed, Howard; Van Reenen, John - 2000
productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity … use a variety of panel data techniques (including system GMM) to argue that training significantly boosts productivity …
Persistent link: https://www.econbiz.de/10010330311
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Who Gains when Workers Train? Training and Corporate Productivity in a Panel of British Industries
Dearden, Lorraine; Reed, Howard; Van Reenen, John - C.E.P.R. Discussion Papers - 2000
productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity … use a variety of panel data techniques (including system GMM) to argue that training significantly boosts productivity …
Persistent link: https://www.econbiz.de/10005667047
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Who gains when workers train? : training and corporate productivity in a panel of British industries
Dearden, Lorraine; Reed, Howard; Van Reenen, John - 2000
productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity … use a variety of panel data techniques (including system GMM) to argue that training significantly boosts productivity …
Persistent link: https://www.econbiz.de/10011537524
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Production function estimation using subjective expectations data
Norris Keiller, Agnes; de Paula, Áureo; Van Reenen, John - 2024
Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm's expectations of its future output and inputs that allows us to obtain consistent...
Persistent link: https://www.econbiz.de/10014581874
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Production function estimation using subjective expectations data
Norris Keiller, Agnes; Paula, Áureo de; Van Reenen, John - 2024
Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm’s expectations of its future output and inputs that allows us to obtain consistent...
Persistent link: https://www.econbiz.de/10014577758
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Trapped factors and China’s impact on global growth
Bloom, Nicholas; Romer, Paul; Terry, Stephen; Van … - London School of Economics (LSE) - 2014
In a general equilibrium product-cycle model, lower trade barriers in-crease Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10011126023
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Uncertainty and investment dynamics
Van Reenen, John; Bloom, Nick; Bond, Steve - London School of Economics (LSE) - 2006
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed both numerically for a model with a rich mix...
Persistent link: https://www.econbiz.de/10010928730
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The dynamics of investment under uncertainty
Bloom, Nicholas; Bond, Stephen; Van Reenen, John - 2001
We derive robust predictions on the effects of uncertainty on short run investment dynamics in a broad class of models with (partial) irreversibility. When their environment becomes more uncertain firms become more cautious and less responsive to demand shocks. This result contrasts with the...
Persistent link: https://www.econbiz.de/10010293014
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Spillovers in Space: Does Geography Matter?
Lychagin, Sergey; Pinkse, Joris; Slade, Margaret E.; … - C.E.P.R. Discussion Papers - 2010
We simultaneously assess the contributions to productivity of three sources of research and development spillovers …
Persistent link: https://www.econbiz.de/10008554232